St Peter'S Health

“The executive committee consists of the officers of the board of directors, past chair of the board provided he/she continues to be a director, and the chief of staff. If the past chair of the board is unable to serve, the board chair may appoint another member to the executive committee. The executive committee has the power to transact all regular business of the hospital during the interim between meetings of the board of directors, provided that any action does not conflict with the policies of the board of directors and all matters of major importance are referred to the board of directors. Should any matter of extreme urgency arise between the regular meetings of the board of directors, it is the duty of the executive committee to request the president call a special meeting of the board of directors. Minutes of the executive committee are submitted to the board of directors and its actions are subject to approval or disapproval at the next regular board meeting. The committee is responsible for conducting the president's evaluation, setting the president's compensation and negotiating the terms of the president's employment contract.”

“The nominating committee solicits qualified candidates for membership on the board of directors and presents a slate to the board of directors with one candidate for each position to be filled. Members of the board of directors may submit the names of potential candidates to the nominating committee for the committee's consideration. The nominating committee's slate of potential candidates is submitted to the board at the board of director's annual meeting. Five members of the board of directors serve by virtue of the offices and for the duration of the time they remain in office; the president and chief executive officer of the hospital, the chief-of-staff of the hospital, the chief-of-staff elect of the hospital, the st. Peter medical group president, and the st. Peter's foundation chair.”

“A rough draft of the form 990 is reviewed by the ceo and cfo as well as the finance committee prior to full board approval of the final form 990 prior to filing.”

“The conflict of interest policy covers all board members, officers, senior administration and key employees. The board identifies potential conflicts and determines if voting on related items would be a conflict of interest if a conflict is determined to exist, the conflicted individual is excluded from voting on the conflicted item.”

“An independent compensation consultant performs a review of salaries and benefits using data from comparable healthcare facilities. A report is prepared and presented to the executive committee of the board of directors, which uses the report to determine officer and senior management compensation. The information is then reviewed with the board of directors. The annual process was performed during 2013.”

“The governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“Minimum pension liability adjustment 3,118,904. Change in permanently and temporarily restricted net assets of foundation 1,297,236. Book/tax adjustment for partnerships 80,386.”